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CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock and Additional Paid-In Capital | Retained Earnings | Cumulative Translation Adjustment | Retirement Benefits Adjustment | Cumulative Unrealized Gain (Loss) on Derivatives | Treasury Stock
--- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2017 | $ 1,886,542 | $ 717,808 | $ 2,057,915 | $ (46,306) | $ (29,154) | $ (14,047) | $ (799,674)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 98,958 |  | 98,958 |  |  |  |
Adjustment for adoption of ASU |  |  |  |  | (3,411) | (3,024) |
Adjustment for adoption of ASU | Accounting Standards Update 2016-16 | (645) |  | (645) |  |  |  |
Adjustment for adoption of ASU | Accounting Standards Update 2018-02 | 0 |  | 6,435 |  |  |  |
Cumulative translation adjustment | 27,578 |  |  | 27,578 |  |  |
Net change in retirement obligations (net of tax) | 1,413 |  |  |  | 1,413 |  |
Net change on derivatives designated as cash flow hedges (net of tax) | 1,261 |  |  |  |  | 1,261 |
Issuance of shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax) | 6,590 |  |  |  |  |  | 6,590
Shares surrendered for tax withholding | (10,750) |  |  |  |  |  | (10,750)
Share-based compensation | 5,938 | 5,938 |  |  |  |  |
Balance at Mar. 31, 2018 | 2,016,885 | 723,746 | 2,162,663 | (18,728) | (31,152) | (15,810) | (803,834)
Balance at Dec. 31, 2017 | 1,886,542 | 717,808 | 2,057,915 | (46,306) | (29,154) | (14,047) | (799,674)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 312,436 |  |  |  |  |  |
Net change in retirement obligations (net of tax) | 3,979 |  |  |  |  |  |
Repurchase of shares of common stock | (51,700) |  |  |  |  |  |
Balance at Sep. 30, 2018 | 2,060,574 | 733,843 | 2,276,634 | (72,209) | (28,586) | (13,307) | (835,801)
Balance at Mar. 31, 2018 | 2,016,885 | 723,746 | 2,162,663 | (18,728) | (31,152) | (15,810) | (803,834)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 107,126 |  | 107,126 |  |  |  |
Cumulative translation adjustment | (62,645) |  |  | (62,645) |  |  |
Net change in retirement obligations (net of tax) | 1,296 |  |  |  | 1,296 |  |
Net change on derivatives designated as cash flow hedges (net of tax) | 1,259 |  |  |  |  | 1,259 |
Issuance of shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax) | 7,026 |  |  |  |  |  | 7,026
Repurchase of shares of common stock | (20,494) |  |  |  |  |  | (20,494)
Share-based compensation | 5,014 | 5,014 |  |  |  |  |
Cash dividends declared | (66,316) |  | (66,316) |  |  |  |
Balance at Jun. 30, 2018 | 1,989,151 | 728,760 | 2,203,473 | (81,373) | (29,856) | (14,551) | (817,302)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 106,352 |  | 106,352 |  |  |  |
Cumulative translation adjustment | 9,164 |  |  | 9,164 |  |  |
Net change in retirement obligations (net of tax) | 1,270 |  |  |  | 1,270 |  |
Net change on derivatives designated as cash flow hedges (net of tax) | 1,244 |  |  |  |  | 1,244 |
Issuance of shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax) | 13,177 |  |  |  |  |  | 13,177
Repurchase of shares of common stock | (31,166) |  |  |  |  |  | (31,166)
Shares surrendered for tax withholding | (510) |  |  |  |  |  | (510)
Share-based compensation | 5,083 | 5,083 |  |  |  |  |
Cash dividends declared | (33,191) |  | (33,191) |  |  |  |
Balance at Sep. 30, 2018 | 2,060,574 | 733,843 | 2,276,634 | (72,209) | (28,586) | (13,307) | (835,801)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Adjustment for adoption of ASU | Accounting Standards Update 2016-02 | 28 |  | 28 |  |  |  |
Balance at Dec. 31, 2018 | 1,994,640 | 739,240 | 2,342,079 | (94,420) | (22,740) | (12,065) | (957,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 110,268 |  | 110,268 |  |  |  |
Cumulative translation adjustment | (3,281) |  |  | (3,281) |  |  |
Net change in retirement obligations (net of tax) | 1,262 |  |  |  | 1,262 |  |
Net change on derivatives designated as cash flow hedges (net of tax) | 1,227 |  |  |  |  | 1,227 |
Issuance of shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax) | 8,870 |  |  |  |  |  | 8,870
Repurchase of shares of common stock | (51,706) |  |  |  |  |  | (51,706)
Shares surrendered for tax withholding | (11,479) |  |  |  |  |  | (11,479)
Share-based compensation | 5,403 | 5,403 |  |  |  |  |
Balance at Mar. 31, 2019 | 2,055,232 | 744,643 | 2,452,375 | (97,701) | (21,478) | (10,838) | (1,011,769)
Balance at Dec. 31, 2018 | 1,994,640 | 739,240 | 2,342,079 | (94,420) | (22,740) | (12,065) | (957,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 328,671 |  |  |  |  |  |
Net change in retirement obligations (net of tax) | 4,181 |  |  |  |  |  |
Repurchase of shares of common stock | (54,700) |  |  |  |  |  |
Balance at Sep. 30, 2019 | 2,163,053 | 755,601 | 2,556,423 | (132,898) | (18,559) | (8,404) | (989,110)
Balance at Mar. 31, 2019 | 2,055,232 | 744,643 | 2,452,375 | (97,701) | (21,478) | (10,838) | (1,011,769)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 113,209 |  | 113,209 |  |  |  |
Cumulative translation adjustment | 2,628 |  |  | 2,628 |  |  |
Net change in retirement obligations (net of tax) | 1,256 |  |  |  | 1,256 |  |
Net change on derivatives designated as cash flow hedges (net of tax) | 1,224 |  |  |  |  | 1,224 |
Issuance of shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax) | 11,891 |  |  |  |  |  | 11,891
Repurchase of shares of common stock | (2,962) |  |  |  |  |  | (2,962)
Shares surrendered for tax withholding | (30) |  |  |  |  |  | (30)
Share-based compensation | 5,266 | 5,266 |  |  |  |  |
Cash dividends declared | (75,673) |  | (75,673) |  |  |  |
Balance at Jun. 30, 2019 | 2,112,041 | 749,909 | 2,489,911 | (95,073) | (20,222) | (9,614) | (1,002,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward] |  |  |  |  |  |  |
Net income | 105,194 |  | 105,194 |  |  |  |
Cumulative translation adjustment | (37,825) |  |  | (37,825) |  |  |
Net change in retirement obligations (net of tax) | 1,663 |  |  |  | 1,663 |  |
Net change on derivatives designated as cash flow hedges (net of tax) | 1,210 |  |  |  |  | 1,210 |
Issuance of shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax) | 14,834 |  |  |  |  |  | 14,834
Shares surrendered for tax withholding | (1,074) |  |  |  |  |  | (1,074)
Share-based compensation | 5,692 | 5,692 |  |  |  |  |
Cash dividends declared | (38,682) |  | (38,682) |  |  |  |
Balance at Sep. 30, 2019 | $ 2,163,053 | $ 755,601 | $ 2,556,423 | $ (132,898) | $ (18,559) | $ (8,404) | $ (989,110)

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